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perpetuities - 3 Leona Helmsley - 2 Naomita Yadav - 2 Uncle Sam - 2 Yadav - 2 Neil Solarz - 2 Weinstock Manion - 2 Solarz - 2
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Withersworldwide California
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Siberian huskies - 2 huskies - 2

Search resuls for: "perpetuities"


9 mentions found


☆ Inheritance for your dog: How the rich put millions into trusts with very specific purposes, from taking care of pets to cryogenically freezing their bodies
  + stars: | 2023-07-28 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +7 min
Lawyers to the uber-rich told Insider how purpose trusts work and how to plan for centuries ahead. Fortunately, there is a workaround: purpose trusts. Trusts are well-known as a tool for saving millions on taxes, but purpose trusts are seldom used to pay less to Uncle Sam. Here is how purpose trusts workPurpose trusts are not absolutely necessary to make sure your pets are cared for after you pass, Yadav told Insider. Purpose trusts set up to maintain art collections usually include a timeline for liquidating or donating the artworks, according to lawyer Neil Solarz of Weinstock Manion.
Persons: Leona Helmsley, Naomita Yadav, Uncle Sam, Yadav, perpetuities, Neil Solarz, Weinstock Manion, Solarz, that's, Samantha, someone's, Shepherd Organizations: Siberian huskies, huskies Locations: Withersworldwide, California
☆ How the rich put millions into trusts to take care of their pets and pay for cryogenic freezing after they die
  + stars: | 2023-07-26 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +7 min
The rich can use trusts to devote millions to pets, art collections, and even cryogenic freezing. Lawyers to the uber-rich told Insider how purpose trusts work and how to plan for centuries ahead. Fortunately, there is a workaround: purpose trusts. Trusts are well-known as a tool for saving millions on taxes, but purpose trusts are seldom used to pay less to Uncle Sam. Here is how purpose trusts workPurpose trusts are not absolutely necessary to make sure your pets are cared for after you pass, Yadav told Insider.
Persons: Leona Helmsley, Naomita Yadav, Uncle Sam, Yadav, perpetuities, Neil Solarz, Weinstock Manion, Solarz, that's, Samantha, someone's, Shepherd Organizations: Siberian huskies, huskies Locations: Withersworldwide, California
☆ How rich families use trusts that last as long as 1,000 years to save on taxes and benefit future heirs
  + stars: | 2023-05-23 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +6 min
Dynasty trusts can last up to 1,000 years – about 40 generations – in Florida and other states. So-called dynasty trusts allow affluent taxpayers to provide for as many as forty generations and only be subject to tax once. Dynasty trusts have grown in popularity as the generation-skipping transfer tax exemption has skyrocketed, according to Sandy Christopher, partner at Withers Bergman. They are usually drawn to dynasty trusts to keep businesses within their families and protect assets from creditors. Dynasty trust assets are also shielded in the event of a divorce.
☆ Bob Iger says that if Ron DeSantis wants to end his feud with Disney, they could just sit down and 'discuss all of this'
  + stars: | 2023-04-14 | by ( Cheryl Teh | ) www.businessinsider.com   time to read: +3 min
Disney CEO Bob Iger says there's a way for Ron DeSantis to settle his feud with Disney: Talk it out. Iger told Time he'd be happy to sit down with DeSantis to hash out their disagreements. "I do not view this as a going-to-mattresses situation for us," Iger told Time. Ron DeSantis to end his increasingly acrimonious feud with Disney: Come to the negotiating table and hash it out. On April 3, Iger said DeSantis' attempt to strip Disney of its tax status is "anti-business" and "anti-Florida."
☆ It'll cost DeSantis' handpicked board nearly $1,300 per hour to hire a team of lawyers to investigate how Disney outmaneuvered them
  + stars: | 2023-03-30 | by ( Rebecca Cohen | ) www.businessinsider.com   time to read: +3 min
DeSantis' board will pay hourly legal fees to investigate Disney's loophole in the governor's plan. DeSantis had previously planned to take over the company's governing rights over Disney World. A prior agreement invoked by Disney renders the new board's power essentially obsolete. Ron DeSantis and his handpicked board nearly $1,300 per hour in legal fees to investigate how Disney found a loophole in the governor's plan to take over the company's governing rights over Disney World, stripping the new government-appointed board members of their power. "This essentially makes Disney the government," Ron Peri, a member of the board, said during a meeting on Wednesday.
☆ It'll cost DeSantis' handpicked board at least $1,300 per hour to hire a team of lawyers to investigate how Disney outmaneuvered them
  + stars: | 2023-03-30 | by ( Rebecca Cohen | ) www.businessinsider.com   time to read: +3 min
DeSantis' board will pay hourly legal fees to investigate Disney's loophole in the governor's plan. DeSantis had previously planned to take over the company's governing rights over Disney World. A prior agreement invoked by Disney renders the new board's power essentially obsolete. Ron DeSantis and his handpicked board nearly $1,300 per hour in legal fees to investigate how Disney found a loophole in the governor's plan to take over the company's governing rights over Disney World, stripping the new government-appointed board members of their power. "This essentially makes Disney the government," Ron Peri, a member of the board, said during a meeting on Wednesday.
☆ DeSantis warns Disney World he'll take a third swing at them after the company wrote in a loophole that collapsed his takeover plan
  + stars: | 2023-03-30 | by ( Kimberly Leonard | ) www.businessinsider.com   time to read: +5 min
DeSantis warned that Disney hadn't seen the last of their feud: "There's more to come." "There's a lot of little back and forth going on now with the state control," DeSantis said, the audience booing at the mention of Disney. The governor-appointed board is talking to lawyersIn his new book, DeSantis has a chapter about the dust-up with Disney and how he retaliated against the company. He even revealed that he and his wife, Casey DeSantis, got married at Walt Disney World — a fact first reported by Insider. "The media STILL doesn't realize that Governor DeSantis always thinks 10 steps ahead," Christina Pushaw from the governor's rapid response team wrote on Twitter.
☆ Ron DeSantis' plan to take control of Disney's land backfired spectacularly because of a loophole in the agreement that may reduce his appointees to powerless functionaries
  + stars: | 2023-03-30 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +6 min
Ron DeSantis gained control of Walt Disney World's oversight district board in February. Ron DeSantis' move to take over Walt Disney World's governing board in Florida may have backfired due to a prior obscure agreement that new governor-appointed board members argue stripped them of their power. Disney also had the authority to appoint district board members. But the new supervisors are now saying that previous board members entered an agreement that effectively stripped them of their powers. "All these board members very much would like to see the type of entertainment that all families can appreciate."
☆ Here's how a trust fund works to shelter your assets, distribute income, and manage taxes during and after your lifetime
  + stars: | 2019-12-05 | by ( Tanza Loudenback | Read More | Read Less | ) www.businessinsider.com   time to read: +5 min
A trust fund shelters a person's assets from probate and allows them to choose how and when their assets are distributed to their heirs. Depending on the type of trust fund, one or more of these parties may be responsible for paying income taxes and/or estate taxes. A revocable trust can be altered throughout the grantor's life, while an irrevocable trust cannot. In some revocable trusts, a single person can act as the grantor, beneficiary, and trustee during their lifetime. If the income beneficiary is a charity, the trust will receive an income tax deduction.
Persons: perpetuities
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